Sharing Economy News

Our latest news coverage of the sharing economy, from on-demand transportation and accommodation, through to personal services and peer-to-peer finance.

Delivery Services

South Korea food delivery giants rev up rider race amid COVID-19 boom

In South Korea, a number of the world’s biggest food delivery firms are scrambling to browse an estimated $4 billion wave of fresh orders, contracting tens of thousands of ne...

UK Parliament

London Stock Exchange in talks with Indian tech firms to list overseas

The London Stock Exchange is in discussions with several Indian technology companies for their overseas stock listings, a senior executive for the British exchange told journalists...

Digital Tax US

Wanted: global digital tax push after pandemic, US vote stall talks

Negotiators from 140 countries will inquire Washington and its own G20 partners this week to reaffirm political support for global rules to tax digital giants following the coronav...

Didi V2X

Didi Chuxing partners with WhatsApp for ride-hailing in Brazil

Brazilian ride-hailing support 99, controlled by China’s Didi Chuxing Technology, has partnered with WhatsApp to accept orders on the conversation platform possessed by Faceb...

Lyft Inc and Uber Technologies

Uber and Lyft spend big in California to oppose gig-worker law

Uber and Lyft collectively are spending nearly $100 million on a November California ballot initiative to overturn a state law that would compel them to classify drivers as workers...

OLA Indian ride-hailing

London transport regulator strips Ola’s operating licence over public safety failings

London’s public transport authority stripped Indian ride-hailing firm Ola of its London operating license, stating that the cab app wasn’t “fit and proper” ...

Belarus

With warm words and fast visas, neighbours woo IT workers in Belarus

After Max Korolevsky stated he was detained and then beaten by security forces during protests in Belarus, he asked the IT company he works for to transfer him to neighbouring Ukra...

Didi V2X

Didi and BYD to launch co-designed ride-hailing EV in China

BYD received approval from China’s Ministry of Industry and Information Technology to market an electrical sedan version known as D1 last month, based on government records. ...

Uber Technologies

Uber says it is fit and proper in battle to win back London licence

Ride-hailing leader Uber Technologies have told a London court it had addressed concerns over safety as it struggles to win back its operating licence in a few of its main markets,...

Uber Technologies

Uber attempts to win back London licence in latest court battle

Ride-hailing app Uber will battle in court Tuesday to win back its licence to operate in London after the city’s transportation regulator eliminated it over safety issues.

Wall Street

M&A: Tech leads crisis-driven boom with $350 billion deal rush

Global M&A volumes are exceeding $2 trillion for 2020, with technology making up almost a fifth of the total after mammoth deals such as SoftBank’s $40 billion purchase o...

Online Groceries

Aldi trials click-and-collect grocery service in the UK

Aldi UK, the British arm of the German supermarket discounter, has said that it was trialling a click-and-collect grocery support to the very first time. ‘

European Union

France wants the EU to continue with a digital tax if global efforts fail

The EU should push ahead with its own digital taxation in the first quarter of 2021 if wider efforts to find an international solution don’t bring a breakthrough this season,...

Wall Street

Wall Street sees a bright side in ‘healthy’ tech stock selloff

Some of Wall Street’s biggest players are seeing the stock market’s recent tech-led selloff as a bout of turbulence as opposed to the beginning of a longer slide —...